The Latest @ USIP: Development Financing Reform in the U.S.-Africa Partnership

While the COVID pandemic and war in Ukraine have caused economic shocks throughout Africa, the dire socioeconomic conditions in parts of the continent are also a product of how global, multilateral finance institutions are organized. African countries rarely have access to the development funds they need — and when they do, it’s often on stringent terms. Meanwhile, the continent’s socioeconomic struggles continue to exacerbate political and security crises as well. Solomon Dersso, founding director of Amani Africa, discusses the 2023 African Union Summit’s renewed focus on reforming development and trade and the importance of framing U.S.-Africa ties as a partnership built on mutual interests rather than a means to counter China or Russia.

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The United States Institute of Peace is a national, nonpartisan, independent institute, founded by Congress and dedicated to the proposition that a world without violent conflict is possible, practical and essential for U.S. and global security. In conflict zones abroad, the Institute works with local partners to prevent, mitigate, and resolve violent conflict. To reduce future crises and the need for costly interventions, USIP works with governments and civil societies to build local capacities to manage conflict peacefully. The Institute pursues its mission by linking research, policy, training, analysis and direct action to support those who are working to build a more peaceful, inclusive world. Learn more about USIP

Video by Larisa Epatko